Wednesday, October 17, 2012

We would see an Economic Implosion

Peter Schiff : “We would see an economic implosion because we are more leveraged now than we were in 2008,” Schiff said. “There’s no end to QE. We are going to overdose on QE.” - Peter Schiff said during a panel on precious metals at the one-day conference that was held at the Ritz-Carlton on Wednesday, Oct. 10 in a panel discussing the outlook for precious metals.

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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